Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Types of Accounting

Financial Accounting

1. Introduction to Accounting

Types of Accounting

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following is NOT one of the four main types of endorsements commonly used in accounting for negotiable instruments?

Blank endorsement

Qualified endorsement

Restrictive endorsement

Accrual endorsement

Previous problemNext problem

Verified step by step guidance

Understand the concept of endorsements in accounting for negotiable instruments. Endorsements are signatures or instructions written on the back of a negotiable instrument (e.g., a check) to transfer ownership or specify conditions.

Learn the four main types of endorsements commonly used: Blank endorsement, Qualified endorsement, Restrictive endorsement, and Special endorsement. Each type serves a specific purpose in transferring or limiting the use of the instrument.

Blank endorsement involves signing the instrument without specifying a new payee, making it payable to the bearer.

Qualified endorsement limits the liability of the endorser, often using phrases like 'without recourse.'

Restrictive endorsement specifies conditions or limitations on how the instrument can be used, such as 'For deposit only.' Accrual endorsement is not a recognized type of endorsement in accounting for negotiable instruments.